mohabatpoor

mohabatpoor

In M30 i see below items on the chart: 1- 5 blue wave complete (7080 to 7310) 2- Wave 1 (Yellow) is complete 3- ABC (Yellow) Retrace up to 61.8% fibo 4- ABC (Yellow) has a ZIGZAG pattern 5- Wave 2 (Yellow) seems to be completed so it seems the price is trying to make a new support for going up

mohabatpoor

Downtrend in M30 and H1 timeframe is break but price is not stable above 7270. If price Stable above 7270 : 1- the downtrend should be finish and the uptrend should be start in M30 & H1 2- above 7270 we can see Head & shoulder pattern 3- TP1=7350 TP2=7400

mohabatpoor

If BTC can touch 7270 again we should see 7600 again in another side if BTC touch 7040 we should see 6500.